ISSUE OF SPECIFIED SECURITIES BY SMALL AND MEDIUM ENTERPRISESSecurities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
ISSUE OF SPECIFIED SECURITIES BY SMALL AND MEDIUM ENTERPRISESSecurities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
Display of bid data: mandatory public disclosure during book-building and simultaneous issuance of allotment communications for IDR issues. Regulation requires stock exchanges with online book-building to display bid data for IDR issues in the prescribed format from opening of bids until at ... Summary
Display of bid data: mandatory public disclosure during book-building and simultaneous issuance of allotment communications for IDR issues.
Regulation requires stock exchanges with online book-building to display bid data for IDR issues in the prescribed format from opening of bids until at least three days after bid closure; issuing companies must simultaneously dispatch letters of allotment to all allottees and, if letters of regret cannot be issued simultaneously, publish a media notice appearing the morning after allotment letters are dispatched.
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